Zoom Technologies Reports Third Quarter 2009 Financial Results

-- Quarterly revenue increased 204% year over year to $55.29 million
-- Quarterly net income increased 138% year over year to $1.73
million
-- Full year 2009 revenue guidance increased to between $185 and
$195 million
-- Full year 2010 net income guidance in the range of $10.75 to
$11.25 million on adjusted basis
-- Continued listing on Nasdaq, under ticker "ZOOM" following share
exchange with Gold Lion Holdings Ltd.
-- Entered into an agreement with China Telecom to distribute
LEIMONE mobile phones

Zoom Technologies, Inc. (NASDAQ: ZOOM) a leading China based manufacturer
of mobile phones and other mobile electronic products, reported financial
results for the third quarter ended September 30, 2009.

Mr. Lei Gu, Chairman and Chief Executive Officer of Zoom Technologies,
commented, "We are delighted to report another quarter of tremendous year
over year growth and our first financial results as a public company. The
third quarter marks our listing on the Nasdaq following the share exchange
with Gold Lion Holding Ltd. Our ability to accomplish this transaction and
subsequent $10 million private placement during such a challenging
macroeconomic environment reflects our strong growth prospects for 2010 and
beyond. We are extremely pleased, as a newly traded public company, to
attract quality institutional investors and execute this transaction."

For the third quarter of 2009, Zoom reported net revenue of $55.29 million,
up 204% over $18.16 million for the third quarter 2008, and up 4.06%
sequentially from $53.13 million in the second quarter 2009. Net income
for the third quarter of 2009 was $1.73 million as compared to net income
of $0.73 million for the third quarter of 2008. The robust revenue growth
was driven by strong demand from our EMS customers and supported by healthy
macroeconomic conditions in China.

Gross profit for the third quarter 2009 rose 55.0% to $3.03 million,
compared to $1.95 million for the third quarter of 2008. Gross profit as a
percentage of revenue for the third quarter of 2009 was 5.5%, compared to
10.8% for the same period of the prior year. The compression in gross
margins is due to the competitive pricing necessary to capture a
significant increase in business activities.

For the first nine months of 2009, Zoom reported net revenue of $137.24
million, up 234% over $41.14 million for the first nine months of 2008.
Net income for the nine months ended September 30, 2009 was $4.35 million
compared to net income of $1.73 million for the first nine months of 2008.

Mr. Gu continued, "Also during the third quarter, we were extremely excited
to establish a distribution agreement with China Telecom, one of the top
mobile phone operators in China. The distribution of our LEIMONE mobile
phones demonstrates our capabilities in product development and the
strength of the LEIMONE brand name in China. We believe our alliance with
China Telecom will continue to facilitate the expansion of our high-quality
products in the China market. We believe we are now poised to grow with
the rapidly expanding China mobile phone market, pursue additional
projects, and produce mobile products for top tier Chinese mobile phone
companies. Additionally, the diversity of our product offering combined
with our sound execution and delivery in challenging market conditions
further improves our market position in China. Thus far, Zoom Technologies
has delivered its LEIMONE phones to the Shanghai, Tianjin, Liaoning,
Gangsu, Yunnan and Jiangxi Provinces."

The company upwardly revised its full year 2009 revenue guidance to between
$185 million and $195 million and net income to between $6.0 million and
$6.2 million, as compared to previous guidance of $145 million and $155
million in revenue and $5.9 million and $6.1 million in net income.

Looking ahead, Mr. Gu commented, "The funds raised from the recently
completed private placement allows us to add new manufacturing lines for 3G
mobile phones, expand our capacity and continue to fuel our growth in the
China handset market. With this increased production, we now expect full
year 2010 net income to be in the range of $10.75 million to $11.25 million
on an adjusted basis, which is prior to deductions from non-cash equity
based compensation charges."

Conference Call Details

The dial-in numbers are +1-877-407-9039 for US domestic callers and
+1-201-689-8470 for international callers. After the live webcast, the
replay will remain available on Zoom's website through December 16, 2009.
In addition, a telephonic replay of the call will be available through
November 30, 2009. The replay dial-in numbers are +1-877-660-6853 for US
domestic callers and +1-201-612-7415 for international callers. The account
number to access the replay is 3055 and the conference ID number is 337711.

About Zoom Technologies, Inc.

Zoom Technologies is a holding company with subsidiaries that engage in the
manufacturing, research and development, and sale of electronic and
telecommunication products for 3rd generation mobile phones, wireless
communication circuitry, and related software products. Zoom Technologies'
subsidiary, Jiangsu Leimone, owns a majority stake of TCB Digital, which
offers highly customized and high quality Electronic Manufacturing Service
(EMS) for Original Equipment Manufacturer (OEM) customers and also designs
and manufactures its own brand of mobile phones under the Leimone brand.

Forward-Looking Statements

This release contains forward-looking information relating to Zoom's plans,
expectations, projections and intentions. Actual results may be materially
different from expectations and projections as a result of known and
unknown risks, many of which may be beyond our control, including the risks
set forth in Zoom's filings with the Securities and Exchange Commission.
Zoom cautions readers not to place undue reliance upon any such
forward-looking statements, which speak only as of the date made. Zoom
expressly disclaims any obligation or undertaking to release publicly any
updates or revisions to any such statements to reflect any change in Zoom's
expectations and projections or any change in events, conditions or
circumstance on which any such statement is based.